Despite recent encouraging signs on inflation, Boston Federal Reserve President Susan Collins said Friday that more interest rate hikes could yet be needed."I understand the tendency to really enjoy good news, and there was some good news in some of the numbers — and I think that we need to...
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The market thinks the Fed is going to start cutting rates aggressively. Investors could be in for a letdown
Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2023 in New York City. Spencer Platt | Getty Images News | Getty ImagesMarkets seem to have taken this week's positive economic data as the all-clear signal for the Federal Reserve to start cutting interest rates...
MIT neuroscientist: Here’s exactly what happens to your brain when you receive a financial windfall
Imagine waking up one morning and discovering that your financial circumstances have taken an extraordinary turn: you just received a huge financial windfall. Maybe you won the lottery, or a stock market investment paid off, or you got a job offer that triples your current salary.As a MIT neuroscientist, I've...
GM-UAW deal back on track for ratification after major plant approves pact
United Auto Workers (UAW) members strike at a General Motors assembly plant that builds the U.S. automaker's full-size sport utility vehicles, in another expansion of the strike in Arlington, Texas, October 24, 2023.James Breeden | ReutersDETROIT — The United Auto Workers' tentative agreement with General Motors is back on track...
We’re not headed for another global financial crisis, top UBS economist says after recession warning
Despite indicators like U.S. credit card debt pointing toward financial and economic pressures, another global financial crash is not imminent, UBS chief U.S. economist Jonathan Pingle believes.U.S. credit card debt soared to $1.08 trillion in the third quarter of 2023, data from the Federal Reserve Bank of New York showed...